Q1 2025 Fsn E-Commerce Ventures Ltd Earnings Call Transcript
Key Points
- FSN E-Commerce Ventures Ltd (BOM:543384) reported a 25% year-on-year growth in GMV, reaching INR3,321 crores.
- Revenue from operations grew by 23% year-on-year to INR1,746 crores.
- EBITDA improved by 31% year-on-year, reaching INR96 crores with a margin of 5.5%.
- The company achieved a significant milestone with 200 physical beauty stores across 72 cities.
- The beauty business saw a 28% year-on-year growth in GMV and a 23% growth in net revenue.
- The fashion segment experienced a slower growth rate of 15% in GMV year-on-year.
- There was a notable gap between GMV and net revenue growth in the beauty segment due to higher discounts.
- The fashion business faced challenges due to seasonality and lower growth in the Indian wear category.
- Despite improvements, the EBITDA margin for the fashion segment remains a concern.
- The overall market conditions for the fashion segment were described as 'dull' for the quarter.
Good evening, everyone. This is Michelle from Chorus Call. Welcome to Fsn E-Commerce Ventures Ltd Q1 FY25 earnings call. From the management at Nykaa, we have Ms. Falguni Nayar, Executive Chairperson, MD and CEO; Mr. Anchit Nayar, Executive Director and CEO, beauty e-commerce; Mr. Nihir Parikh, CEO, Nykaa fashion.com; Mr. Vishal Gupta, CEO, Nykaa distribution; Mr. P. Ganesh, Chief Financial Officer.
Before we start, we would like to point out that some of the statements made in today's call may be forward-looking in nature and a disclaimer to this effect has been included in the earnings presentation shared with you earlier. Kindly note that this call is meant for investors and analysts only.
By participating in this event you can send to such regarding distribution and publication. All participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation from management concludes. With that, over to you, Ms. Falguni Nayar for opening remarks. Thank you.
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